Statutory Review Engagements
On 09 June 2022, the Cyprus House of Representatives approved amendments to the Companies Law and to the Assessment and Collection of Taxes Law. Amendment aimed at simplifying the audit procedures for the Financial Statements of small and medium sized Cyprus companies.
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Business
Transfer Pricing Study - New Regulation
On 30 June 2022, the Cyprus Parliament passed a law introducing detailed transfer pricing (TP) legislation, by amending the current Cyprus Income Tax & Assessment and Collection laws. The OECD Transfer Pricing Guidelines have been legislatively incorporated in Cyprus.
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Business